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, he said right now we would be at 5.4% unemployment. >> president obama says he's creating jobs but he's really creating debt. >> reporter: romney has a new ad out arguing that the president's job creation efforts have only added to the deficit. >> couple of nights ago, we had a debate. you may have gotten the chance to see that. >> reporter: before the new jobs numbers, romney had been riding a wave of momentum after this week's debate. he even got a pass from the president, who never mentioned romney's comments on the 47% of americans who don't pay federal income taxes. >> 47% of the people who will vote for the president no matter what. >> reporter: with an obama campaign ad still repeating those remarks, romney tried to put an end to the controversy once and for all on fox. >> clearly in a campaign with hundreds, if not thousands of speeches and question and answer sessions, now and then you are going to say something that doesn't come out right. in this case, i said something that's just completely wrong. >> reporter: democrats maintain that tone deafness extends from main street
jobs report has triggered a backlash among critics of president obama. the unemployment rate fell to 7.8% in september, a drop of 0.3% from august. the numbers appear good on the surface, but just too good for jack welch, a former ceo of general electric tweeted this. unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. well, welch later came on cnn's a360 and said if he had that tweet to do all over again he would have added one thing. >> so many politicians these days are saying like michele bachmann will say something that factually is not correct or provable and then we'll say look, i'm asking the question. is it responsible to say i'm asking the question but to say the chicago guys will do anything, oh, i'm just asking the question. >> should have put the question mark at the end like i did last night. a question mark would have been better at the back of that. >> okay. so you are kind of backing away. >> i'm not backing away. i'm not backing away. >> you wish you would amend your tweet. >> wish i had a question mark at the back of it. th
news for president obama. unemployment fell to its lowest level since he took office. >>> we're going to look at what's driving the higher prices. >> a story of a miraculous recovery. a 23-year-old woman's brush with death when her skull was separated from her spine in a car accident. she'll be here to tell us how doctors were able to help her survive. >> it's called an internal decapitation. it was gruesome. it's amazing. it's really a wonderful story. then we're going switch gears. lester and i went to jamaica over the summer for work. i don't want to just hang out on the beach all day. look how create lester looks? i decided to give lester holt a workout he would never forget. >> yeah. i should be out of traction any day now. what part of the word rest don't you understand? >> i just feel like you brag about all the stamina you have. i figured you didn't need rest in the middle of a workout. >> 100 degrees out there. >> 19 minutes of fun for him. 60 minutes of fun for me. we're going to start with politics, though. presidential politics. can a better than expected employment report
in september with the unemployment rate coming in at 7.8%, that's a drop of 0.3 from august. the obama and romney campaign jumped on these figures and, of course, they came down on opposite sides. cnn political editor paul steinhauser joining us this morning. good morning, paul. so there's one month, hard to believe, till election day, and no issue bigger than jobs, right? >> no doubt about that, randi, and you're right. after what you could consider a tough week for the president coming out of that debate in denver the jobs numbers are a good sign for his re-election bid, a happy sign for the re-election team, but for mitt romney this is fascinating, landi, because the unemployment rate is below 8% for the first time since barack obama came into the white house back in january of 2009. you have heard mitt romney on the campaign trail over and over again, over the last year and a half running for the white house, criticize this president on jobs for the unemployment rate being over 8%. now it is under 8%. now it's time for mr. romney to have to pivot from his favorite line. take a list
obama's presidency. unemployment, 10.6%, but three years passed, we saw increases in retail, health care, education, and look at the map today. every state that becomes lighter in this picture is a state where there was an improvement in the unemployment rate over that period of time. i will tell you there, ray great many of them out here. the unemployment rate for ohio, changed 7.2%. lock at the massive change in the country in terms of the improvement in terms of states that are no longer losing jobs, but now making jobs. to make that happen, the bureau of labor statistics says you had to have a lot of job creation. 4.4 million jobs created. what you don't hear so much about, we lost 4.3 million jobs in the dark days. the net gain according to the net record, is only 125,000 jobs. based on that even though the president did create a lot of jobs, when you look at that, look at the extent of his claim, 5 million jobs created, we have to say that's simply false. i know many democrats will say that's because the bush yrs and the economy that's left. the numbers simply don't add up the way
that obama has hired baghdad bob to calculate the unemployment rate. anyone who take this is unemployment report serious is either naive or a paid obama campaign adviser. and, of course, they're looking at the 7.8% unemployment figure and saying that can't possibly be right. >> oh, let me explain how this works. we explain this every month, actually. there are two surveys. survey of households and a survey of companies and sometimes they show slightly different results, right? they are surveying two completely different groups, one of people who are getting a job and one people who are giving a job and not necessarily the same people in those same surveys all the time. here is something i want to point out to these people who are talking about baghdad bob at the bureau of labor statistics. where were they the day after the president's speech in charlotte when all the enthusiasm after his dnc speech was taken away by a lackluster jobs support, where were they the past three years when we've been pointing out this is a subpar economy. i will tell you this, carol. never in 20 years of report
mr. obama became president, the unemployment rate would be 10%. if we had same percentage of people looking for work today looking when unemployment rate peaked at 10% the unemployment rate today would still be 9.7 using that household data. which means most effective employment program the obama administration has been able to come up with is persuade people to leave the labor force. mr. obama managed to drive down number of adults that want a job. that is a great way to drive unemployment down. i would think the other guest would consider that. melissa: gary, last word before we go. >> look the employment rate has risen in last few months. there is no doubt about that. i don't understand this labor force participants rate idea. yes the participation rate is lower when the economy was expanding strongly. yes, that's true but the fact of the matter is, employment has been rising over the last three years, period. it is just not rising fast enough to put a big a dent in unemployment rate as we would all like to see, period. melissa: gentlemen, great discussion. thanks for coming on.
president obama a boost today. the unemployment rate fell to 7.8%, marking the first time it's below 8% during the observe presency. mitt romney in virginia's coal company argued that the numbers seem better than they are. >> when i'm president of the united states, that unemployment rate is going to come down. not because people are giving up and dropping out of the work force but because we're creating more jobs. >> today's news is not an excuse to try to talk down the economy to score a few political points. it's a reminder this country has come too far to turn back now. >> the next jobs report comes out four days before the election. >> a bay area flight was -- there were loose passenger seats. a flight was among the flights grounded for the day so repairs could be made. american airlines announced the fix for the problem. it says wear and tear, poor design and possibly even spilt coca-cola for causing opinions to come out of the assembly which attaches the seat to the floor. was it 757s when the airline reconfigured them. the airline seats, repairs will be innished tomorrow. >> gi
, the unemployment rate now at 7.8% doesn't tell the whole story. at a rally a in virginia, a smiling president obama took full advantage of september's jobs report. >> more americans entered the work force, more people are getting jobs. >> reporter: the unemployment rate fell to 7.8%. marking the first time it's been below 8% during his presidency. >> today's excuse is not an excuse to talk down the economy to score a few political point. >> reporter: political points is exactly what mitt romney was going for while talking to voters in virginia. >> this president calls his policies going forward. i call his policies forewarned. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states, that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys w
is growth, where anybody who looks at getting down from obama's devastatingly high unemployment rate with 23 million americans out of work, if you get back to a normal unemployment rate you dramatically increase federal revenue. the second is you basically have a bargain which ronald reagan had, which is i will lower the rates and eliminate various deductions to get down to that rate. the governor himself last night said one of the business tax deductions might well be the oil and gas tax deduction which might well disappear as a part of a process of getting to lower rates. so we've seen it done before. it was done in '86 by ronald reagan in a bipartisan manner, and i think that you would see the governor, who has worked with a very democratic legislature in massachusetts, be bipartisan but let me give you one minor example of why i think it's sometimes frustrating to get into who's telling the truth. there are no definitions by which donald trump is a small business. >> wait, wait, wait. >> none. >> can i jump in here? >> well, there is. >> he took all the time last time. >> if you're a sau
. our unemployment rate has come down because for -- since president obama took office for every new job created more than six workers have left the labor force. if labor force participation was what it was when the president took office, unemployment would be around 10.7%. these jobs that were added in september were largely part-time jobs. so we still have 23 million american, that number has not changed at all, would are either unemployed or out of work entirely or are underemployed working or out of the workforce entirely or underemployed working part time instead of full time or not in a job commensurate with their skills, half of the college students coming out of, you know, with degrees today are unable to find a job. this economy is not doing well and the fact that you have a white house celebrating an unemployment rate of 7.8% with 23 million americans out of work or unemployed or underemployed tells you a lot about the failure of this administration's policy, george. >> final question, bottom line, did governor romney do what he needed to do on wednesday to take control of this
is going to point out, look, president obama promised us that unemployment wouldn't be this high -- >> jennifer: that's another lie. he didn't promise that it was going to be 8% or less -- >> just christine roamer his -- >> jennifer: but that's the given up four pants on fire pinocchio rating as well. >> i think the american people understand when he was selling the stimulus program, he was not promising we would have more than 8% unemployment. he did say that health costs would go down and it's not. >> jennifer: all right. you know we can go on about this. duf sundheim and peter fenn, thanks for joining us, peter from washington, d.c. >>> and up next they say our flaws are a gift. well for that i can say >>> rick, again, i'm speaking -- i'm speaking -- i'm speaking -- you get 30 seconds -- the way the rules work here is i get 60 seconds, and you get 30 seconds to respond -- say you knew -- >> anderson -- >> are you just going to keep talking? let me finish what i have to say. >> jennifer: oh, god, i love debates. have you eh seen mitt romney so animat
and president obama with that new unemployment number back to where it was when he took office teaming up with bill clinton in california and clinton will be on the campaign trail all week and this as a new gallup poll showing the tighter race after the debate. president obama up by 3 points after being up by 6 at his peak. abc's david kerley is on the campaign trail in florida tonight. >> reporter: 9,000 flag-waving romney supporters jammed the town square, 6,000 last night, all ready to turn the president out of office. >> you all have the chance to hear his answers or his not -- nonanswers. now, of course, days later we're hearing his excuses and next january we'll be watching him leave the white house for the last time. >> reporter: team romney is feeling his debate performance. the president obama is realizing he didn't perform at his peak. >> i think you can assume he reviewed the tape and it will inform -- it will inform how he handles these subsequent debates. >> reporter: it wasn't all bad news, the president was buoyed by the dp in the unemployment rate to below 8% and broke his
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
unemployment rate in the country. barack obama won here comfortably four years ago. this time it will be closer. >> you're going to have a big choice to make, nevada. and it's not just choice between two candidates or two political parties. it's a choice between two different paths for this country. >> this is the other path. mitt romney, the businessman turned politician who is promising to turn the economy around slipped a little in the polls but it's still too close to call. >> these debates are an opportunity for each of us to describe the pathway forward to america we can choose and the people are going to have to make a choice. >> more money is being spent on this election than ever before. who wins depends on how people vote in a handful of swing states and in a few areas of those states so all the money is being spent on bombarding the undecided with tv ads and phone calls. >> this is from the obama campaign. i'm a volunteer. >> the democrats have a well-oiled campaign machine. >> we are outnumbering republicans with new voter registrations. we have volunteers in here every single day m
. for the first time since president obama took office, the nation's unemployment rate is now less than 8%. the unexpected news seemed to buoy the president on the campaign trail, who took advantage of the announcement that the american economy created 114,000 jobs last month. >> more americans entered the workforce. more people are getting jobs. >> this country has come too far to turn back now. >> conservatives, though, took to social media to accuse the obama administration of doctoring those numbers. republican nominee mitt romney did not go that far, but did say the reason for drop in the unemployment rate is because americans have just stopped looking for work. >>> the mom accused of abandoning her 10-year-old daughter inside of a local safeway store after a botched shoplifting attempt was in court today. and nbc bay area has learned investigators believe this mom did the same thing just go weeks earlier and got away with it. the prosecutor says marci ariko pulled the same stunt at the same morgan hill safeway store. the difference is the first time she allegedly went into the store
. that story is fun as well. it's go time. let's do it. [ ♪ music ♪ ] >> obama: we found out the unemployment rate has fallen to its lowest level since i took oh office. >> the president is crowing about this 7.8 number. >> more and more people have just stop looking for work. >> a lot of people have said don't trust that number. >> it's not an excuse to talk down the economy and score a few political reports. >> this is manna from heaven. >> do you worry you've offended the 47%. >> it's not elegantly stated. >> obama: my opponent has been trying to reposition. >> it's completely wrong. >> obama: he said he would eliminate funding for public television. thank goodness someone is getting tough on big bird. we didn't know that big bird was driving the federal government. >> cenk: great numbers unelement has fallen to a 44-month low to 7.8%. it used to be at 8.1% so we're finally below 8%. 114,000 jobs have been added and the july and august numbers added moreobobhich happepe all the t time.im thisthss gat gewatew foror america. more people back at work. so of course the republicans are celebrat
crisis. this, as the obama campaign touts a new report showing the unemployment rate dropping to 7.8%. governor romney citing millions of americans forced into part-time jobs and many who have simply stopped looking for week. in his weekly internet address, president obama says the new report shows the country is headed in the right direction. and new video out of israel showing an israeli fighter jet shooting down an unmanned drone inside their air space. right now, investigators are searching the drone's wreckage in the southern part of the country and israeli media sources saying it was not carrying weapons, but appears to be gathering information. and we'll be back at 6 eastern alongside rick fulbaum. >> paul: welcome back to the journal, editorial report. coming up in this half hour, the supreme court is back in session and promising to be another tumultuous turn as it references racial preferences and college admissions. could it be a potential pickup of republicans in the bluest of blue states. first an update on the investigation into last month's deadly attacks in benghazi
% unemployment number. obama's october surprise. thanks, hilda. that's labor secretary hilda solis, who is responsible for the bureau of labor statistics which puts out the job numbers. >> i have the highest regard for our professional staff at the bureau of labor statistics, highly trained, highly skilled ph.d.s, economists, statisticians, folks that have been working in this area for many years and this is a methodology that's been used for decades and it is insulting when you hear people just cavalierly say that somehow we are manipulating numbers. i find that very insulting. >> hilda solis. for the record, here's how the process works. the raw data comes in on wednesdays, the week before each monthly report. the bureau of labor statistics gets around -- calls around 60,000 households and asks who's working. that's where the unemployment rate comes from. for job growth or job loss, the bls gathers payroll data from businesses. everyone who touches the data signs confidentiality agreements, documents are locked in safes, computers are encrypted, windows are actually papered over, cust
's surprisingly strong jobs report -- >> the unemployment rate has fallen to its lowest level since i took office. >> -- stop his momentum? we'll ask top advisers to both candidates, robert gibbs for obama, ed gillespie for romney. then insight and analysis on our powerhouse round table with our favorite political odd couple, james carville and mary matalin, plus nobel prize winner paul krugman of "the new york times," peggy noonan from "the wall street journal" and abc's jonathan karl. then -- >> and what would you like for christmas, little boy? get off. >> the week's other political slugfest, bill o'reilly joins us live this morning. >> from abc news, "this week" with george stephanopoulos. it's "your voice, your vote." reporting from abc news election headquarters, george stephanopoulos. >> hello, again, just 30 days now until the final votes, and after the most intense week yet of this campaign, mitt romney has momentum. national polls show him gaining ground, and his crowds have picked up, and last night in florida, romney opened up telling about his last visit with an old friend paralyzed
unemployment numbers dropping and -- for wednesday's debate. if for president obama, it was a much needed shot in the arm. >> this morning, we found out the unemployment rate fell to its lowest levelness is i took office. >> reporter: -- level since i took office. >> reporter: the president held up the new 7.8% unemployment rate as proof that his policies are working. >> and today's news is not an excuse to talk down the economy to score political points but a reminder the country has come too far to turn back now. >> reporter: across the state, mitt romney casts doubt on the numbers. >> the truth is if the same share of people were participating in the workforce today, on the day that the president got elected, our unemployment rate would be around 11% and that is the real reality of what is happening out there. >> reporter: the president's fairfax speech had been aimed at the women issues. >> and i don't think a working mom in arlington should wait to get a mammogram because money is tight. i don't think a college studentsho should have to choose between text books or the prevent
performance. here was president barack obama today. >> this morning we found out that the unemployment rate has fallen to its lowest level since i took office. (cheers) >> more americans entered the work force, more people are getting jobs. >> and here is governor romney's reaction to the same number. >> the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. and if you just drop out of the work force, if you just give up and say i can't go back to work, i'm going to stay home and drop out altogether, why, you're no longer part of the employment statistics, so looks like unemployment is getting better. but the truth is if the same share of people were participating in the work force today, as on the day the president got elected, our unemployment rate would be around 11%. >> the president clearly sees today's numbers good news for his campaign, but eric you've been digging into the numbers. can you help us dig a little deeper. what do the numbers say? >> there's something in here that i really, honestly in 25 years of d
. the unemployment rate is expected to inch up from 8.1%. the numbers are expected to underscore the slow economic recovery. >> increase in unemployment rate could add momentum to mitt romney's campaign to unseat president obama. he goes as far as saying he was completely wrong, his quote, when he commented to wealthy donors about the 47% of americans who don't pay federal income taxes. he told fox news his life has shown that he cares about 100% of americans. more in about 15 minutes. >>> this morning the woman charged with ditching her daughter after a botched shoplifting attempt is sitting in santa clara jail this is marcy keelin's mugshot. cameras were rolling when she stepped out of a list car in san jose yesterday after being extradited from nevada where she had been hiding. investigators say she sped off leaving her 10-year-old behind after workers at a safeway store in morgan hill spotted them stealing. she faces burglary and child endangerment charges. >>> is if expected to be over -- san francisco has several major events taking place, police will be patrolling all over they. they say yo
paralyzed the production lines. >>> for the first time in almost four years, the unemployment rate has fallen below 8%. that's the lowest it has been since president obama took office. surprisingly strong, showing that unemployment fell to 7.l% in september -- 7.8% in september. >>> cbs5 reporter, linda eye yee tells us what is behind those numbers -- linda yee tells us what is behind those numbers. >> reporter: he now has 160 employees. >> i think the economy is really picking up. >> reporter: ryan brauton is one of those new workers. he left his job in construction and decided to become a machinist. >> i chose manufacturing for a reason that it does not seem to be affected by the economy. >> reporter: he tripled his research and development budget during the recession. it has paid off. anderson is building this new plant. >> that's the reason why we're moving. we do have plans to continue hiring. >> reporter: nationally the economy has added an average of 145,000 jobs over the past three months. unemployment has not been this low since january of 2009. >> yes, we are finally below t
graph showing 7.8% unemployment when obama takes office in january 2009. here we are in september of 2012. lowest since he took office. does this change anything? >> sure. i think it was a significant help to the president. imagine it came out at 8.2 following that debate. people would have entered this weekend saying that's close to the end. so i think it's part of the whole process. this campaign will go down to the end, i think. it's going to be one of the most interesting campaigns in american history. and i think you're going to see it go back and forth some over the next week. on the other hand, friday, the international monetary fund said probably no recovery until 2018. and that's a very sobering number. >> robert gibbs, it is particularly weak. you have 40% of those who have been out of work, out of work for six months or longer. this is a weak economic recovery. >> it's a stronger economic recovery in terms of jobs produced than we saw out of the 2001 recession. and the important thing, david, is we continue to make progress. 31 consecutive months now of private sector j
. i mean, we've got higher unemployment than when obama took office, and we have a really low workforce participation rate. that's really troubling. because those people are just deciding not to work. that's where you're going to get a higher and higher cost of entitlements in this country. >> mike, the main problem for most of us, lucky enough to have jobs, the money in our pocket is less than it was, and it's worth less too. >> right. the value of the dollar is falling considerably under president obama because of all the money printing he's done. >> the money printing that ben bernanke has done. >> supporting the treasury and borrowing by obama. what romney understands, david, and president obama is clueless about, there's a big difference between tax credits and tax rates. cutting tax rates gives you incentive to invest in plant and equipment which then allows you to hire people, because you're going to get to keep an extra amount of money on each dollar of profit you make. cutting tax credits does not hurt incentive, because tax credits are temporary and does not encourag
romney's time in office by $5,000. household incomes have gone down by $4,300 under president obama. unemployment went down to 5.6% under governor romney in massachusetts. it's gone up to above 8% under president obama. he knows how to govern. and he knows how to lay out the principle, bring people together to achieve those goals in the legislative process, and that's what he's going to do here for america if he's elected. >> i understand that, but briefly, ed, doesn't a voter deserve to know which loophole he will or will not have if he votes for mitt romney? >> well, you know, he talked about last night, you heard him put out, you know, the concept of maybe you would cap the level of deductions so you wouldn't, you know, necessarily eliminate a loophole, you would limit how much of them -- how many deductions you could take. that would give people discretion. you could figure out how high that should be. should it be a percentage of income? should it be a set figure? there are a lot of ways you can get these things done, willie. but again, if you do it in a campaign environment, y
washington post." good morning to both of you. >> good morning. >> we're going to start with the unemployment numbers here with you, amy. how much do you think the unemployment number blunts mitt romney's debate momentum and do you think the white house is relieved? >> it definitely gave president obama a little shot in the arm, a little boost when he needed it. this is a really important number. it comes a month before the election. most people are watching, and it takes away a key talking point for governor romney. he was saying for 43 months straight, unemployment was above 8%. it's no longer something me can say. >> okay. ed, with respect to the conspiracy theories, despite jared doesn't want to give it more oxygen, just a little bit more here. mitt romney is not latched on to their rhetoric. could all of this talk damage him, though, in the long run? in some ways it's highlighting the fact it's below 8%. this number, 7.8. >> it certainly robs him of the ability to say in a campaign speech as he has since he launched his campaign, that the unemployment rate is above 8%. but as he said yes
elected. why our unemployment rate would be 11%. >>> president obama is set to return to the bay area monday night. he will be fundraising at a concert in san francisco at the bill graham auditorium along with some high priced private fund-raisers. >>> with the first presidential debate behind us, it is time for our factor fiction segment. mitt romney said during the debate that president obama promised he would cut the deficit in half. and romney went on to say, unfortunately, he doubled it. first things first. the president did pledge shortly after he took office that he would cut the deficit in half by the end of his first term. did he? he did not cut it in half but he did not double i either. if you used the congressional budget office's projections for the deficit at the time the president took office, the deficit has dropped slightly. about 8%. if you use the fiscal year 2009, after months after he took office, it down by 25%. so there. >>> so there are countless reasons to spend time in san francisco this weekend and one of them is america's cup. nbc bay area's lawrence scott h
. >>> we begin with news on the unemployment rate. down to the lowest number since president obama took office. his campaign says that proves the president's policies are working. republicans argue the numbers are down because people are just giving up. doug mcelway with details of the latest disagreement. doug? >> the controversy surrounding the release of the september unemployment numbers continues to it swirl after one of america's most respected ceos took to twin citieser to find up off this tweet. "unbelievable jobs numbers. these chicago guys will do anything. can't dewait so change numbers. peacing a torrent of criticism for the defeat. welch struck about the criticism of the number. >> who is participating. who is not working. who is trying to work but has dropped out. all of these things. it just raises the question i think there ought to be a good discussion aut how this number is calculated. >> most analysts are dismissing welch's criticism as utter early without evidence while at the same time pointing out that the jobs numbers largely reflect an obama econom an obat has th
you, doug. is the lower unemployment number going bolster president obama's reelection bid or be ammunition for the romney campaign. the president said in the debate this week this is proof that america can't turn back now the policies are working and unemployment at the lowest number is sense he took office. how do you counter that? >> it has been four years since he took office and he implemented a stimulus and healthcare package and we are here now. we it still have too many americans out of work. 23 million americans that can't find work. i think it is great if in fact more people are going back to work that is fantastic news. this isn't what a recovery is supposed to look like. recovery should see numbers in the 250,000 and 300,000 every month. right now we are cheering field goals in the fourth quarter. we should have month after month if this was truly working and t is not. i think this there was very few americans that woke up yesterday morning and said gosh it is going better. gas prices doubled. college costs up. healthcare costs up. going to the gross relationshi
% unemployment under obama. if you go back to 1948 and combine all the presidents before them combined, they together had 39 months. so that's how bad the unemployment situation is. i think, actually, i agree with joe. it's both, it's a two-part sale. he needs to make the case against obama and why obama has failed and why he won't, nothing will change if obama's reelected. but at the same time, he needs to present a compelling, alternate vision, and that's one of the reasons he's stalled in the polls. people realize that obama has not delivered, but romney hasn't effectively delivered that message. so he needs to do that tonight, joe is right. but at the same time, the challenge to obama is he has not explained how his second term would be different, and if he doesn't do that, then he's going to have a hard time making the sale as well. megyn: joe, is there, you know, is there, is there more opportunity for mitt romney tonight than we've seen on any other night? i mean, is this really -- like, this is his chance to do it? >> certainly in past debates the challenger seems to do very we
for months now is the unemployment rate is above 8% every month since obama took office. with that out the window, his new talking point is 114,000 new jobs created and labor participation. >> fewer new jobs created this month and last month. the unemployment rate as you noted this year has come down very veshgs slowly. the reason it came down this year is primarily due to the fact that more and more have just stopped looking for work. if you just drop out of the work force, if you give up and say, i can't go back to work. i'm going to stay home. if you drop out altogether, you're no longer part of the employment statistics. so it looks like employment is better, but if the same share of people were participating in the work force today is as on the day the president got elected the unemployment rate would be around 11%. >> peter, when romney was governor of massachusetts, the unemployment rate went down because a lot of people left the state. is he fair to make this point now? >> i think it is fair to say that the unemployment rate has come down simply over the course of this recovery
. >>> we'll get into presidential politics. both candidates riding a new wave of momentum. president obama hailing friday's unemployment numbers. governor romney on a roll after wednesday's debate. and with just 30 days until election day some polls show the race tightening. coming up, we'll break it all down for you. >>> a new trend in an increasing number of companies pea touring overweight people in their ads. is this a new age in advertising? we'll talk about it. >>> then, this is a crazy story, listen to this, a south carolina man comes home from vacation to find things in his house just as he left them. great, no problem. but hold on. when his kids go on facebook they see something familiar, their house, with other teenagers having a wild party right there in their home. coming up, why these teens could be in big trouble all because they overshared online. >> a little risky business. >>> a bit later i'll catch up with the director and the cast of the "princess bride." it was released 25 years ago. hard to believe. didn't make a big splash at the time certainly at the box office but s
the country in that the unemployment rate went down and i would say good news politically for president obama because now the talking point that republicans have used effectively for quite some time to say, you know, 42 straight months of an unemployment over 8%, unemployment had been over 8% every month since barack obama took office, they no longer can say that. to your point it didn't drop to 4%, it's still 7.8%. i would say if you ask barack obama on the day he took office if he -- if he thought unemployment at 7.8% would be okay in the month before he needed to run for re-election, he would not be happy with that number, but it's about the trend line, the trend line suggests and again, one month is not determinative but suggests that perhaps things are the economy is strengthening a little bit. that's the argument obama needs. he needs data points to say it's not perfect, i know that, not everything i've done is perfect to fix it, but it's slowly but surely a lurching toward getting better. >> the republicans will focus on the slowly part of that, only 114,000 new jobs added, anemic by a
been if the unemployment rate dropped below 8%, then obama was pretty much in the cat bird seat and now it has, and the republicans have been hitting him all along for not being able to get it below that. romney has got to downplay this. he's got to spin it as bad news anyway. he doesn't really have much of a choice. >> jonathan capehart and michelle cottle, thank you both for your contribution with us this afternoon. >> thanks, martin. >>> stay with us. much more ahead. >> governor romney is going to let wall street run wild again but he's going to bring the hammer down on sesame street. you want me to save big bird? [ female announcer ] did you know the average person smiles more than 50 times a day? so brighten your smile a healthy way with listerine® whitening plus restoring rinse. it's the only rinse that makes your teeth two shades whiter and two times stronger. ♪ listerine® whitening... power to your mouth. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with thre
, the democrats and president obama needed good news. and remember the stimulus promise to keep unemployment below 8%, stimulus worked. okay. but i mean politically and psychologically the difference between 8.1 and 7.8 is significant. but i agree with david. i think to a greet degree, judy, the economy is already baked into people's political equation. a number, an insignificant number probably isn't going to change the political equation. >> what does it do though, david, to the romney sort of central argument at one point, of his campaign which was the president has failed on the economy. >> yeah, i don't really think it changed that. i mean we're gaining 114,000 jobs a year,-- i mean a month. you know, this time in many recoveries we're gaining 200,000300,000, times even 400,000. so if we are at a healthy recovery, then you know, then it would hurt his argument but we're not a haley economy. and it's still basically true, though only by a slimmer margin that 2012 has been worse than 2011. so he with still make that argument. and he'll continue to do so. >> i agree with david, generally. but i
: the unemployment rate dropped below 8% in september for the first time since january 2009. president obama cheered the figures; mitt romney argued the recovery is still tepid. and clinics in 23 states tried to alert hundreds of people who may have contracted fungal meningitis. 47 people have gotten sick from tainted steroid shots, and five have died. online, we have plenty of politics, economics and international stories, but that's not all. hari sreenivasan shares some of our arts and culture offerings. >> sreenivasan: in africa, one hit tv show does more than entertain. broadcast around the continent, "shuga" is a drama that providei ds education and broaches taboo subjects. we talk to an aids activist about its impact. on "art beat, we look at the national storytelling festival. it began 40 years ago in the appalachian town of jonesborough, tennessee, and now is one of the largest annual gatherings of storytellers in the country. and a program note-- "sound tracks: music without borders"-- offers behind-the-scenes stories about the power of music to touch hearts and change the world. the progra
. >>> we do have some good news tonight. the unemployment line getting shorter and more americans are finding jobs. president obama all smiles at a rally in fairfax today. that's because the labor department says the economy added 114,000 jobs last month and the unemployment rate dipped from 8.1 to 7.8%. >> but a major drop in unemployment just before the election has some questioning those results. mitt romney is campaigning in virginia today as well. he says many of those new jobs are part-time and that, he says, is not what a real recovery looks like. >> even those that have jobs are having tough times. the middle class is being squeezed with higher and higher costs and incomes that have gone down. >> but history says this latest jobs report could play a part in the election. no president has been reelected with unemployment above 8% since the great depression. but there is one more jobs report that comes out the first week of november just days before the voting. >>> here in d.c., we are paying $3.91 a gallon for gas. if you think that's pricey, be glad you don't live in ca
. but president obama got a big boost with a new jobs report that showed a sharp drop in the unemployment rate. we are going to have our own debate today between democratic governor martin o'malley of maryland and republican senator kelly ayotte of new hampshire. welcome to "fox news sunday." >> thanks for having us. >> great to be with you, chris. >> chris: start with the jobs numbers that came out friday. unemployment rate dropped to the lowest since president obama took office. the government said 114,000 jobs answered. in a us whohold survey, 873,000 more americans reported having jobs. senator ayotte, isn't the economy getting better? >> i think what is disappointing about the report is that the downtick we saw in unemployment is because of part-time work for economic reasons so people who want full-time jobs taking lower pay. you can't support a family on part-time work. and, of course, we still have the sad fact we have the leaflet labor participation rate since 1981. if the number of people working or participating in the workforce were the same as when the president game into office the u
. unemployment rate dropped to the lowest since president obama took office. the government said 114,000 jobs answered. in a us whohold survey, 873,000 more americans reported having jobs. senator ayotte, isn't the economy getting better? >> i think what is disappointing about the report is that the downtick we saw in unemployment is because of part-time work for economic reasons so people who want full-time jobs taking lower pay. you can't support a family on part-time work. and, of course, we still have the sad fact we have the leaflet labor participation rate since 1981. if the number of people working or participating in the workforce were the same as when the president game into office the unemployment rate would really be 11%. i don't think there is cause to deliberate here. if you told the -- to celebrate here. if you told the american people it would be 7% i don't think anybody would be satisfied or happy with w. that. >> we want to return to full employment but what we have seen now is 31 months in a row consecutive months in a row of private sector job gains. so, it is far better to
. thank you. >>> a drop in the unemployment rate is giving president obama some ammunition to recover from what some are calling a weak debate performance. for the first time in his presidency, the jobless rate is below 8%. danielle lee has more on how both campaigns are using those numbers to their advantage in this morning's commitment 2012. >> at a rally in virginia, a smiling president obama took full advantage of september's job report. >> more americans entered the work force. more are getting jobbed. >> the unemployment rate fell to 7.8%, marking the first time it had been below 8% in his presidency. >> today's news is not an excuse to try to talk down the economy to score a few political points. >> political points is what mitt romney was going for while talking to voters in virginia. >> the president calls his policies going forward. i call them forewarned. >> the unemployment rate fell because people gave up. >> when i'm president of the united states -- that unemployment rate is going to come down not because people are giving up and dropping out of the work force. we're creatin
again. the unemployment rate fell to 7.8%, the lowest since january 2009, when president obama was inaugurated. he is hoping the new numbers will bring him a second term. he and governor romney know the election's all about the economy and both men were trading jabs today in the battleground state of virginia. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> when i'm president of the united states, that unemployment rate is going to come down not because people are giving up and dropping out of the work force, but because we're creating more jobs. i will create jobs and get america working again. >> let's get right to tonight's big story. with senator john mccain, the arizona senator and former presidential candidate joining me now. welcome to you, senator. >> thank you, piers. >> we are going to come to the debate in a moment. you've been one of the only people who debated both barack obama and mitt romney so you're in a unique place to tell me wha
obama had a little bit of good news, the unemployment rate down to 7.8% and the campaign this morning announced he collected in september, $181 million. shy of what he did back in 2008, but, still a healthy number, and the romney campaign countered saying governor romney, less than 48 hours after the debate took in $12 million himself, and, heather they are well fu funded and it will go down to the wire. >> heather: john roberts, reporting from the apopka florida. >> gregg: a political battle is underway, the white house advises defense contractors to ignore the law. ignore law requiring them to send layoff notices to their employees. thousands of workers are at risk of losing their jobs if the government can't make a deal to avoid massive looming defense cuts, mike emmanuel is live with more on the story. >> reporter: gregg, defense contractors feel like they are caught in a game of chicken between the white house and congress, ahead of major layoffs, notices are supposed to go out, 60 days in advance, and the obama administration says companies should not send them out. one contract
is priority one and the focus of tonight's battleground america. the unemployment numbers are giving obama the boost he needed but romney says the numbers aren't nearly good enough. joining me is former clinton press secretary, dee dee myers and republican strategist, john bravender. john, let me start with you. presumably all republicans are feeling a surge of great excitement following the debate. how much has that been dissipated by what are undeniably very good jobs figures today? >> first of all, i guess i would argue that they are as good as either you're saying or particularly that obama is saying. if you look at the adjusted numbers for july and august, actually the new numbers aren't any better than that. if you look, the only reason that unemployment is going down is they're taking more and more people who have basically given up or are underemployed out of the equation and so what has happened is we're now starting to accept and get excitement over mediocrity. but i will say this. the good news for the president is we're discussing the job numbers today and whether they're good,
>> reporter: if supporters here were troubled by barack obama's debate performance, they didn't show it at a noisy rally a inside the performing arts center. one of the first big applause lines, the unemployment report. >> thank you. this morning we find out that the unemployment rate has fallen to the lowest level since i took office. it's a reminder that this country has come too far to turn back now. >> reporter: in contrast to the debate, the president today energetically jabbed back at his opponent, accusing mitt romney of an extreme makeover. mr. obama reminded of romney's performance. >> for all you mom and kids out there, don't worry, somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out, too. governor romney plans to let wall street run wild, again. >> reporter: democrats also used big bird as a prop to ruffle feathers in southwest virginia where romney campaigned in coal country. but a campaign spokesman challenged the president's assessment of the unemployment rate. >> he wants to brag about a 7.8% unemployment rate, but the fact is
, too. let's look at the overall question of real unemployment. can barack obama be re-elected with the numbers he is facing? it is a tough, tough task, no question. look at all the presidents relekted since the 1950s and the unemployment rates since that time. dwight eisenhower, richard nixon, president reagan, bill clinton, 5.1. the second george bush 5.4 and obama with a whopping 8.1% unemployment. these are the august numbers before they were elected. it's very difficult for any president to carry a weight like that into a re-election campaign when president obama was elected the first time, it will be historic. if he le if he is re-elected, there will be no president since franklin roosevelt re-elected with those numbers. >> an amazing look and visual display of the -- >> that is a great way to learn, isn't it? >> absolutely. we want to fact check the weather now. we go to rob who has winter storm warnings already. >> i feel so insignificant. i don't have all the fancy displays. >> we have to get you some of those. >> we're going old school. roll the snow footage.
, rising unemployment, and spend his energy and passion, for two years, fighting for obama care, instead of fighting for jobs for the american people. it has killed jobs. >> the president defended his national health care program and he called romney the wrong man to stave off future financial crises. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> romney has been trailing obama in the polls. it remains to be seen whether his debate performance will change the presidential race. >> the european central bank is keeping interest rates at an historic low of 0.75%, resisting pressure for cuts to boost the ailing eurozone economy. the ecb president, mario draghi, said the bank is ready to help buy eurozone bonds to help troubled eurozone member countries. how did the markets react to the latest developments? our correspondent sent us this report from the frankfurt stock exchange. >> inflation has spiked. it is a surprising development. one that has prob
very ugly. >> it is more about q e 3 or the next unemployment report? >> if obama remains in office, more money will be printed. >> the overall stock market and the s&p 504 year end you are very bullish and you say the trend is your friend. >> the trend is your friend. looking at the snb ranging reversal through previous highs. sandra: there's a volume pickup and commodities are down. stock markets are up and a lot of traders trade the trend so these -- they are buying it today. connell: conspiracy theory is not supported by any evidence at all. dagen: just a survey. connell: it has been volatile. silly season heading to the election but it is all over the map. complete statistical fluke but it is what it is. let's move on. dagen: we are not going to move on. in the next hour the math behind the drop in the unemployment rate. connell: of all people requesting this number this crazy tweet earlier but a lot of people talking. cheryl casone and dennis kneale coming up next and -- and everything else. [talking over each other] connell: one of the most successful business people of all t
. >>> a breath of fresh air for obama campaign with friday's job report. jobs are up, unemployment down. is it too little, too late? >>> 500 convicted felons could be set free in massachusetts. why? this chemist allegedly tampered with evidence for the last nine years. >>> good morning, everyone. i'm randi kaye. victor blackwell is off today. it is 7:00 on the east coast. we have new developments in the shooting that killed a u.s. border patrol agent. the fbi now thinks he may have died by friendly fire. 30-year-old nicholas ivy was shot and killed this week in arizona. initially they said he came under fire after responding to a sensor that went off, but authorities say the only shell casings found at the scene were those belonging to the agents. >> as you know investigators have made evidence looking into the death. the result of friendly fire. the fact is, the work of the border patrol is dangerous. all of us wear the uniform and know that protect their communities against those who wish to do us harm. >> that news comes as homeland security secretary janet napolitano traveled to mee
60 days? does it feel that way? >> take a listen to both governor romney and president obama on the trail spinning their number. >> we found out the unemployment rate is to the lowest level since i took office. more americans entered the workforce, more people are getting jobs. >> the truth is, if the same share of people were participating in the workforce today as on the day the president was elected our unemployment rate would be around 11 percent, that is the real reality of what is happening out there. if you add the people they say left the workforce, which, by the way, they are not calling every person but estimating that number, if you add that back in, governor romney is right, it seemed to be in excess of 11 percent. >>guest: the number has a lot room in it and it came out very favorably just .1 percent below when the president took office. now, i was born in salem, massachusetts, and i don't know all the ways that the fancy folks in washington, dc, do it, but this is a funny thing to have happen. it is not because i'm -- those that don't like to agree with me that
politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that things are getting worse. >> the unemployment rate, as you noted this year, has come down very slowly, but it has come down on the less. reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it is a reminder that this country has come too far to turn back now. we have made too much progress to return to the policies that led to the crisis in the first place. >> the two candidates have made radically different proposals on the way the u.s. economy should develop. it is not yet clear what effect the new employment numbers will have on the race for the white house. >> let's turn to the markets now and take a closer look at some market numbers. the
tonight. >> tonight, obama's big break. >> my opponent has been trying to do a two-step and reposition and got an extreme makeover. >> crushed by romney on wednesday, he got a huge boost of new job supports. unemployment below 8.7 for the first time since his presidency. >> if we were to reelectricity preside -- reelect president obama, i don't think we would stand the test of time. >> frankly, i don't think the president should do that poorly. >>> and he knows when to hold 'em and when to fold 'em. kenny rogers taking up politics? >> i really wanted obama to be a great president. >> we tell you about his singing and his love life. >>. ♪ islands in the stream, that is what we are ♪ >> we begin with tonight's big story, just 32 days before the big election. unlike wednesday's debate, they're shaking up the employment rates again. it's the lowest since obama was inaugerated. both candidates trading jabz tod das jabs today in the battleground state of va vachlt. >> today's news is certainly not an excuse to talk down the economy to score a few political points. it's a reminder that th
already. normally you would argue that an unemployment rate this high in an economy growing this weakly would be very bad news for an incumbent president. it's somewhat vicing then that president obama has maintained the slight edge in the polls given how weak the economy is, but certainly weak growth, high unemployment are not good for anyone in elected office and are are not good for anyone looking for a job either. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate
that the unemployment rate for september was right there, 7.8%. the obama campaign out to that go number to show that the recovery is picking up steam, but republicans say the actual jobs picture is far bleaker because that number doesn't account for millions of americans who are underemployed or simply given up for work. it sounds like this political battle may have gotten the start from controversial tweet from jack welsh? >> he is one of most respected former ceos. within minutes. jobs report. he tweeted this. quote, unbelievable jobs numbers. these chicago guys will do anything, can't debate so change numbers. despite no evidence that the numbers were cooked, he refused to retract that statement. he did tell cnn he might have added a question mark if he were to do it again. republicans are using them as evidence of a stagnant economy. >> we want to return to full unemployment. what we have -- full employment. but we have seen 37 months in a row of private sector gains. it's far better than losing 100,000 a month as when george bush was in office. >> what is disappointing, the down tick on em
victory for the obama administration in getting the under 8% unemployment rate for the first time? >> i think a lot of people would agreement gree with that. they say it had been above 8% for 43 straight months but it doesn't undo the hardship that many americans feel. >> americans didn't wake up and say, hey, everything is fixed. to quote the words of the vice president. >> the other rate remains unchanged from august. >> heather: doug, thank you. >> gregg: the price of a gallon of gasoline hitting an all time high in the state of california. according to aaa the average price for a gallon of regular in the golden state, 4.65 a gallon. that is up four cents from just yesterday. drivers in need of some help at the pump. >> i have nv seen this near this. >> it has gone up 52 cents. >> we had a refinery owned by exxon that had a power outage. >> they say temporary reduction in supply is giving the state the most expensive gasoline in the nation. >>> a dramatic jump of the cases of fungal meningitis outrage. according to cdc, 7 people are dead. now 91 cases in nine different states linked
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